INTRADAY INCOME PRESUMPTIVE INCOME

This discussion clarifies how to declare intraday income from securities. It explains that intraday trading profits cannot be declared under Section 44AD as presumptive income. Instead, you must declare the actual profit. The thread also touches upon claiming expenses like mobile recharge, Wi-Fi, and electricity bills if filing under a 'no account case' in ITR3, advising that these should be justifiable and claimed proportionately.